1. Global Succinates Production by Region in 2023
In 2023, Asia (excluding India) led with the highest production volume, reaching 36.54 K tons, followed by North America with 28.80 K tons, and Europe with 18.04 K tons. In contrast, the Middle East and Africa (MEA) produced only 1.20 K tons, and India trailed with 2.16 K tons.
The substantial production capacity of Asia (excluding India) and North America, while Europe also maintained a significant production. Meanwhile, the MEA and India’s production are the smaller scale of manufacturing within the succinates industry for these regions.
Table Global Succinates Production (K Tons) by Region in 2023
|
|
2023 |
|
North America |
28.80 |
|
Europe |
18.04 |
|
MEA |
1.20 |
|
Asia (excluding India) |
36.54 |
|
India |
2.16 |
|
Others |
3.78 |
|
Total |
90.53 |
2. North America Succinates Market Analysis
In 2018, North American succinate production was 10.15 K tons. North America’s succinates production reached a significant volume, with 28.80 K tons being produced in 2023. The production growth rate analysis for the same year further underscores the region’s dynamic involvement in the succinates supply chain.
In 2018, North American succinate consumption was 8.78 K tons. In 2023, the North America region demonstrated a production volume of 28.80 K tons and a consumption volume of 25.17 K tons. North America is a significant player in the succinates industry, with a notable share of both production and consumption, reflecting its importance in the global succinates market.
Figure North America Succinates Production (K Tons) and Growth Rate Analysis (2018-2023)
Figure North America Succinates Consumption (K Tons) and Growth Rate Analysis (2018-2023)
3. Asia (excluding India) Succinates Market Analysis
Asia (excluding India) stands out with a substantial production of 36.54 K tons and a sizeable consumption of 41.14 K tons of succinates in 2023. The region’s pivotal role in the succinates industry, both as a major hub for manufacturing and as a significant consumer market, reflects its influential status in shaping the global succinates landscape.
Table Asia (excluding India) Succinates Production, Consumption (2018-2023)
|
Asia (excluding India) |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
|
Production (K Tons) |
12.23 |
14.48 |
16.76 |
22.22 |
27.43 |
36.54 |
|
Consumption (K Tons) |
14.01 |
16.53 |
19.04 |
25.15 |
30.93 |
41.14 |
